NYSE$NABL
N-able Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
N-able's Q1 2023 results were announced, exceeding revenue and adjusted EBITDA outlook, reflecting the value of their platform and disciplined cost management.
N-able reported strong Q1 2023 results with total revenue of $99.8 million, representing approximately 10% year-over-year growth. The company exceeded both revenue and adjusted EBITDA outlook, and raised full-year 2023 constant currency revenue and adjusted EBITDA outlook.
- Total revenue reached $99.8 million, a 10% year-over-year increase (13% on a constant currency basis).
- Subscription revenue was $97.4 million, also representing approximately 10% year-over-year growth (13% on a constant currency basis).
- GAAP net income was $3.5 million, or $0.02 per diluted share, while non-GAAP net income was $15.0 million, or $0.08 per diluted share.
- Adjusted EBITDA amounted to $32.7 million, with an adjusted EBITDA margin of 32.8%.
Headline financials
Revenue & EPS history
N-able · Revenue · Quarterly
$99.8M
Revenue by segment
N-able · $99.8M total across 2 segments · Q1 2023
- Subscription Revenue$97.4M+9.9%97.6%
- Other Revenue$2.38M+6.8%2.4%
Forward guidance
N-able provided financial outlook for Q2 2023 and full-year 2023, expecting total revenue in the range of $102.5 to $103.0 million for Q2 and $414 to $417 million for the full year. Adjusted EBITDA is expected to be in the range of $32.0 to $32.5 million for Q2 and $127 to $130 million for the full year.
Tailwinds
- Total revenue in the range of $102.5 to $103.0 million for Q2 2023, representing approximately 12% year-over-year growth.
- Adjusted EBITDA in the range of $32.0 to $32.5 million for Q2 2023, representing approximately 31% to 32% of total revenue.
- Total revenue in the range of $414 to $417 million for full-year 2023, representing 11% to 12% year-over-year growth.
- Total revenue in the range of $414 to $417 million for full-year 2023, representing 12% to 13% year-over-year growth on a constant currency basis.
- Adjusted EBITDA in the range of $127 to $130 million for full-year 2023, representing approximately 31% of total revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.4%
Avg return
30 days after
48%
11 / 23 earnings
Positive
+20.1%
Q3 2022
Best reaction
-28.2%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -26.6% | -28.4% | |
| Q4 2025 | -10.8% | -15.4% | -5.6% | |
| Q3 2025 | +9.1% | +2.2% | -3.6% | |
| Q1 2025 | +5.2% | +14.7% | +14.0% | |
| Q4 2024 | -28.2% | -26.7% | -25.7% | |
| Q3 2024 | -11.7% | -13.4% | -18.9% | |
| Q2 2024 | -1.4% | -2.9% | -5.4% | |
| Q1 2024 | -0.2% | +0.0% | +11.8% | |
| Q4 2023 | +5.9% | +3.0% | +2.1% | |
| Q3 2023 | -11.6% | -13.8% | -8.0% | |
| Q2 2023 | +1.3% | +0.1% | +0.4% | |
| Q1 2023 | +8.0% | +10.4% | +14.2% | |
| Q4 2022 | +19.5% | +15.4% | +16.8% | |
| Q3 2022 | +20.1% | +19.5% | +15.2% | |
| Q2 2022 | -2.1% | +0.2% | -2.1% | |
| Q1 2022 | +6.1% | +9.2% | +20.2% | |
| Q1 2021 | +6.1% | +9.2% | +20.2% | |
| Q4 2019 | +4.6% | -3.3% | -16.3% | |
| Q4 2021 | +2.3% | +2.4% | -13.9% | |
| Q3 2021 | -3.9% | -4.9% | -12.3% | |
| Q2 2020 | -1.6% | -1.5% | +6.6% | |
| Q2 2021 | -1.6% | -0.4% | +4.9% | |
| Q4 2020 | -1.6% | -0.4% | +4.9% | |
| Q3 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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